Manufacturer Of Household Appliances
Location Virginia,United States
Asking Price Range $10.0M - $20.0M
Gross Revenues $15000000
Net Profit / Cash Flow $1650000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1975
Number of Employees > 200
Relocatable No
Number of Employees > 200
Real Estate Leased
Training Available.
Reason for Sale Retirement.
Description Headquartered in the US with a factory in China, the Company designs, manufactures, and exports electrical household appliances. It has been dealing in international trade with Asia for over 3 decades and supplying high quality kitchen appliances to OEM customers in North America for the past 12 years. Products include coffee makers, roaster ovens, toaster ovens, and hot plates that are carried by major retailers from Wal-Mart and Target to Williams Sonoma and Bed Bath & Beyond. Products are sold in the US (77% of sales), Canada (10%), and Mexico, Central and South America (13%). Operating from a combined 330,000 square feet, the Company has a production capacity of 2.5 million units annually, which is expected to provide ample capacity to accommodate future growth. Growth opportunities include geographic market expansion into areas such as Europe, designing products that cater to ''green'' standards, and expanding the product line to include electric kettles, electric grills, medical devices, beauty care, and outdoor appliances.
>30+ Years Experience in Asia - Over A Decade on Designing and Manufacturing Quality Household Appliances-
>Manufactures One Out of Every Three Roaster Ovens Sold in the US
>95% Repeat Business Annually is a Testament to Customer Loyalty
>Export Markets Include US, Canada, Mexico, Central & South America
Operates from Six Main Buildings Totaling 330,000 Square Feet
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